TMG Partners has been in the business of developing award-winning, financially-successful, community-based real estate for 35 years. As much as we have accomplished over the last three decades, we believe it is the way we THINK about our region, the risks we manage, the critical timing of our projects and the value we create that sets us apart.

Localism

Real Estate is
a local business.

No, really.

We don’t fly in. We live here.

David CropperDirector of Development

The San Francisco Bay Area is an extremely diverse real estate marketplace with countless micro-business climates teeming with possibility. But you have to be here—and know here—to make the most of the opportunities all around us. Having been exclusively committed to the Bay Area for over three decades, we have developed a keen local intuition which gives us a unique advantage in recognizing both the opportunities and risks in this complex market.

Regionalism

We Think Mega

If we try to solve our land use problems by focusing only on the nine Bay Area counties, we will fail.

Michael CovarrubiasChairman & CEO

As the Bay Area’s economy has grown over the last three decades, so too has its challenges—particularly related to transportation, housing, affordability and climate change. To plan for growth of 4 million more people in the next third of a century, TMG is thinking bigger, beyond our nine Bay Area counties, and working on longer term strategies to create greater connectivity across our entire megaregion.

Timing

It’s got to work at low tide as well as high tide.

Some of our best deals are the ones we didn’t do.

Matt FieldChief Investment Officer

Almost anyone can make money in a positive economic climate. But it takes discipline, depth of market knowledge and experience in all major product types to know when to buy and when to sell. The most profitable deals can be the ones you decide just don’t make sense or are outbid by an “out of town” competitor. Because we are active in our markets on a daily basis, TMG Partners has managed a portfolio through 35 years of market cycles that works in all phases and has withstood the sands of time.

Vision

huh?

Once it’s obvious, it’s too late.

Cathy GreenwoldSenior Advisor

If you wait for the statistical proof to confirm real estate opportunities, you’re looking backwards. TMG Partners has cultivated an approach to studying the business landscape that reveals market opportunities before they become obvious. Our contrarian investment strategy balances optimism and caution with the intent of turning forward-looking investments into no-brainers.

Returns

Redefining IRR

Our measure for success goes beyond profit.

Lynn TolinChief Operating Officer

Most investment professionals have a clear understanding of IRR: Internal Rate of Return, a purely financial measurement of performance. At TMG we use a different definition. For us, IRR means balancing Integrity, Relationships and Results. We measure every aspect of our business through this lens to ensure our partners, communities, tenants and buyers are treated with the highest degree of respect and responsibility while we consistently deliver superior financial performance.

Macys.com, one of San Francisco's fastest growing technology tenants, has leased 250,000 square feet at 680 Folsom St. in the South of Market, the latest in a series of mega-leases that provides bricks-and-mortar evidence of the city's dramatic economic recovery.

San Francisco Mayor Ed Lee is expected to announce the lease at a press conference Thursday morning. The deal is the second largest lease of the year in San Francisco, trailing only Salesforce's 400,000 square foot deal at 50 Fremont St.

"I am thrilled that we have reached this milestone of more than one million square feet of office space leased by technology firms in just the first two months of 2012.," said Lee. "We are moving forward and relentlessly focusing on job creation here in our City and reaffirming that San Francisco is the 'Innovation Capital of the World.'"

Macy's online division will occupy the top seven floors of the old telephone building, which TMG Partners is in the process of revamping with a $87 million renovation. Macys.com (NYSE: M) will join Riverbed Technology (NASDAQ: RVBD) in the building.

Macys.com currently occupies about 95,000 square feet of office space at 685 Market St. near Union Square for its site development and operations organization. The company's San Francisco offices currently are midway through a two-year program to add about 225 new positions. This will take the workforce to more than 550 employees by the end of 2012 from about 325 at the beginning of 2011.

In November, 2011 a spokesman for Macys.com told the Business Times the retailer's business "continues to grow very quickly."

"The company's online sales are up by 40 percent so far this year to date — and we expect to continue to expand our San Francisco workforce with new talent to maintain the momentum," stated spokesman Jim Sluzewski.

Technology companies in San Francisco say they will hire in excess of 8,000 people in the city this year, according to a survey of done by a new industry group called San Francisco Citizens Initiative for Technology & Innovation (sf.citi).

This week Sf.citi Chairman Ron Conway the influential early stage technology investor, told the audience at the annual CityBeat breakfast that he had expected at most to find hiring plans totaling several thousand jobs among sf.citi's 125 member companies.

"I was thinking the answer would be two or three thousand, and I was going to go to (Mayor) Ed Lee and brag about that. It's like 8,000 new jobs this year and counting," said Conway onstage at the San Francisco Marriott Marquis.